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This entry was posted on Sunday, February 10th, 2013 at 3:47 pm and is filed under NZ Politics.
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This house price doubling business, I actually quite like it, owning both a home in Auckland and a beachhouse. I would hope that affordable housing wouldn’t impact on the wealth created by rising house prices for countless New Zealanders who have owned their home for a reasonable period of time.

Well, well, give it a bit more time, and the Greens will learn, improve in policy development, have a real alternative plan to the NatACT “more of the same”, they may well overtake Labour in the polls in the coming 2 to 4 years.

Mallard, King, Goff and a few other aged hangers-ons are simply not delivering much anymore, and while keeping a weak, incompetent, largely still too much stuttering and stammering “leader” of no hope in the job, they are overdue to retire, to make room to some young ones, who may actually have some ideas and plans, that could revive the Labour Party again.

Indeed those old ABC stakeholders are somehow ruining the party, by not stepping down.

That realisation must be behind Norman hitting back at Mallard.

“Hands on”, “hands on” without “pants on” and constantly going on about housing policies is not going to cut the custard, David Shearer. There is more opposition coming from the Greens and NZ First. This year will be very interesting to follow in NZ politics. Maybe someone may actually have the courage and found a totally new party also, sending shockwaves through the established, old, stuffy parties like National and Labour.

I hate to agree with the Greens but of course he is quite right about Labour sitting on its hands and doing nothing about the property price bubble. I understand Jim Anderton did his best to try to get them to introduce a capital gains tax in the early 2,000s.

I repeat yet again that landlords don’t increase the supply of houses before the predictable ‘taxing the supply of something is not the right thing to do’ argument! Of course land supply is also an issue.

I hate to agree with the Greens but of course he is quite right about Labour sitting on its hands and doing nothing about the property price bubble. I understand Jim Anderton did his best to try to get them to introduce a capital gains tax in the early 2,000s.

A capital gains tax would not have made a blind bit of difference. I wish people would stop seeing that as a solution, complete or part. It’s simply a revenue gathering tool for the left to spend more on welfare. It’s that bloody simple. Stop the bullshit about it affecting house prices. Because it doesn’t.

Excuse my ignorance, but I don’t seem to remember the Green’s speaking out about house price increase prior to 2008.
Until recently, pretty much the only thing socialists ever talked about regarding housing was state house rental costs.
I am sure, someone can point me to a press release or two but I am sure it was not a major focus.

Nick K, the mantra the middle class were chanting, particularly in Auckland, was buy rentals, leverage up to avoid paying any tax on the rent and then sell when you retire and not pay any tax on the gain. Throwing a spanner in this equation would have made some difference – just as removing the depreciation deduction cooled things a little. It’s simple logic!

Rising house prices don’t create real wealth. It just looks that way to home owners. If you look at people buying their first homes at the inflated prices, they are just transferring a bigger share of their incomes to those lucky enough to have bought a home before the bubble. It’s largely a massive wealth transfer from the young to the old.

Look, the state basically gave my parents a house (they bought their state house at a govt set price well below the market rate which meant they couldn’t be refused a mortgage because the banks knew that they would immediately have almost 45% equity upon purchase – they used that to get into a better house within 3 years). That David Shearer’s scheme isn’t anywhere near as generous shows that he can’t even match what a former National government (in this case Muldoon’s) was prepared to do to help working people afford a home.

What Norman isn’t saying is that we need to tax the boomers into poverty to get things going. They have become entirely parasitic and house prices are a large part of that.

@Anthony – the simple logic from where I am is if you were a property investor you would simply either hold the property for longer so the gains offset the tax you’d pay or you simply increase the price.

Both of these things end up reducing the supply of property for sale either directly or indirectly (respectively).

This is pure gold. Iprent over on the lower standard has just handed Curran her arse. Following a recent Labour caucus decision Labour members are making tentative approaches to the standard trying to gain favour by posting warm fuzzies. Iprent virtually told her to fuck off.

@TrevorMallard you just go back to closing schools and making housing unaffordable like you did in govt
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13h Trevor Mallard Trevor Mallard ‏@TrevorMallard

Presume this is an intern not @RusselNorman but whoever it is needs to look to future not focus on rear vision mirror
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11h Russel Norman Russel Norman ‏@RusselNorman

@TrevorMallard Not sure Novopay is in only in the past… Are you sure you should’ve signed their contract when you were in Govt?
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10h Trevor Mallard Trevor Mallard ‏@TrevorMallard

@RusselNorman if u bothered reading the papers u wouldn’t have let intern embarrass you again. Nopay deal signed 3 years after I was MinEdu
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9h Russel Norman Russel Norman ‏@RusselNorman

@TrevorMallard I know. But you, ie the Labour Govt, did sign up to Novopay. And teachers are suffering from your decisions
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It has almost reached the point where you’d wonder if someone had hacked Norman’s twitter account. I suspect Mallard is correct that it is a Norman staffer/intern of some sort, but Norman will have to accept that if he gives others authority to post under his name, then he owns those statements.

If you cared not a whit for what would become of your fellow citizens, yes that would be an option for you. Or you could take a more active role in preventing the dreaded Labour-Green destruction of our country and people.

Like you, I risked a quick look (which I try not to do generally). Wow. There is some serious in-fighting going on there.

That aside, gotta love lprent’s oft-repeated “The Standard is a machine, it does not think. DO NOT TALK TO THE MACHINE”. Not quite as shrill as Russel’s “Give me back my flag!!!” but boy it gets him p!ssed off.

It’s funny seeing lprent’s overreaction to anyone referring to The Standard in general terms when on one hand he keeps claiming it is a collective of unassociated individuals freely expressing their opinions, and on the other hand he tries to mold it into a compliant multitude of munters, devoid of non-approved criticism or suggestions for improvement.

It’s interesting – that’s what Mallard/Curran tried to make Red Alert, it’s what lprent tries to do with his ‘behaviour modification’ at The Standard, it’s what they want of the Labour caucus and now it seems that Labour leadership is trying the same trick with The Standard, using Curran and Nash.